Construction in many countries has come almost to a standstill in recent years. However, some have managed to stand above global financial turmoil and continued to fund projects at home. Many analysts are predicting that 2013 will be the year when the planet as a whole sees sustained economic recovery, which in turn will fuel growth in construction industries.
We explored whether the current industry-leading countries will maintain their position, or whether any will ‘come up on the rails’ and steal a march in the next 12 months.
China has led the way for years, and will surely continue to do so. This is partly down to the way in which the government of the country is able to distribute resources powerfully at will, and partly related to a ridiculous level of productivity that many Chinese firms seem to have achieved.
Skyscrapers, for example, are being put together quicker than ever before, with four or five floors a day being the benchmark. One company even has a contract to build a skyscraper from foundations to completion in 30 days. It remains to be seen whether such ambitious projects hold true, however China is surely set to remain the leading construction powerhouse in 2013.
Turkey has been quietly going about its own business for a number of years now. There is no question that Turkey not being a member of the European Union has been a benefit. Thus, construction projects in the country have undergone fast development, with residential and commercial buildings opening at pace.
These trends should continue in the country through 2013, although how the rest of neighbouring Europe performs could have a large impact.
Many African countries currently assume the economic status of ‘sleeping giant,’ and Kenya is possibly the country best set to make real strides in this respect in 2013.
There are a number of large scale developments taking place in and around the capital, Nairobi, that are set to generate thousands of jobs and bring a new-found prosperity to the east African nation.
Controversy may remain on the horizon, however, as there are fears that the sale of fertile farm land for use in construction projects could find the economy, in effect, cannibalising itself. Even still, expect Kenya to be somewhat of a surprise leader in the construction industry this year.
Other countries that are likely to perform well in construction in 2013 are Brazil and Thailand. Many areas of Brazil are undergoing huge transformations in preparation for the 2014 FIFA World Cup and 2016 Rio Olympics, while Thailand is recovering from its own economic problems and placing a heavy focus on commercial property and the development of luxury real estate.
This article has been produced by Robert from Vector Foiltec; a highly experienced worked in the construction industry. Vector Foiltec use ETFE roof systems, cable structures, and texlon, along with other materials, to create eco-friendly and aesthetically pleasing construction projects around the world.